About Solus Power
Solus Power is a company based in London (United Kingdom) founded in 2020 by Anastasis Leonidou.. Solus Power has raised $27.91 million across 2 funding rounds from investors including Petra Equity Partners. Solus Power offers products and services including Kratos and Titan. Solus Power operates in a competitive market with competitors including EV Realty, Exro, Levistor, Numbat and Stepwise, among others.
- Headquarter London, United Kingdom
- Founders Anastasis Leonidou
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Sectors
Transportation, Automotive & LogisticsEnergy & Utilities
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Email
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$27.91 M (USD)
in 2 rounds
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Latest Funding Round
$27.91 M (USD), Series A
Jul 15, 2024
- Investors
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Employee Count
Employee Count
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Products & Services of Solus Power
Solus Power offers a comprehensive portfolio of products and services, including Kratos and Titan. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Military-grade battery for defence and remote power needs.
Off-grid solution for commercial EV charging applications.
Funding Insights of Solus Power
Solus Power has successfully raised a total of $27.91M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $27.91 million completed in July 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series A — $27.9M
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2024 | Amount | Series A - Solus Power | Valuation | Petra Equity Partners |
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| May, 2024 | Amount | Seed - Solus Power | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Solus Power
Solus Power has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Petra Equity Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Private equity and venture capital services in Dubai.
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Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Solus Power
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Solus Power
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Solus Power Comparisons
Competitors of Solus Power
Solus Power operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as EV Realty, Exro, Levistor, Numbat and Stepwise, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Grid-scale EV charging infrastructure is developed for fleet electrification.
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Developer of power electronics for electric vehicles and energy storage
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| domain | founded_year | HQ Location |
Kinetic energy storage solutions for electric vehicle charging are developed.
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| domain | founded_year | HQ Location |
Provider of a sustainable energy solutions provider that offers high-power charging and smart energy management technology for electric vehicles, combining e-mobility and media services
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| domain | founded_year | HQ Location |
Electric panel capacity for EV charging is provided by Stepwise.
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| domain | founded_year | HQ Location |
Energy storage solutions are provided via an online platform.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Solus Power
When was Solus Power founded?
Solus Power was founded in 2020 and raised its 1st funding round 4 years after it was founded.
Where is Solus Power located?
Solus Power is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Who is the current CEO of Solus Power?
Anastasis Leonidou is the current CEO of Solus Power. They have also founded this company.
Is Solus Power a funded company?
Solus Power is a funded company, having raised a total of $27.91M across 2 funding rounds to date.
What does Solus Power do?
Solus Power was founded in 2020 and is based in London, United Kingdom. Charging and energy storage solutions are offered by the company within the energy sector, with a focus on off-grid EV charging for commercial, defense, and security applications. Operations emphasize reliable power systems tailored to these sectors, supporting sustainable energy needs in remote or demanding environments.
Who are the top competitors of Solus Power?
What products or services does Solus Power offer?
Solus Power offers Kratos and Titan.
Who are Solus Power's investors?
Solus Power has 1 investor. Key investors include Petra Equity Partners.